Homework Help: math

Posted by LaCresha on Saturday, July 28, 2012 at 9:39pm.

Interest= $432
r=6%
t=8 years
How do I calculate the principal and future value?

math - Ms. Sue, Saturday, July 28, 2012 at 9:46pm
I = PRT

432 = P * 0.06 * 8

432 = 0.48 * P

432/0.48 = P

900 = P

900 + 432 = ?

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